The USD and the Australian dollar are the largest beneficiaries in the G10 of a de -escalation in commercial tensions between the US and China, FX analysts of Ing Francesco Pesole and Chris Turner point out.
The news on the US agreement.-China may not derail relaxation plans
“With the USD having to face the reality of the economic damage already caused, the aud/USD can find some support in the coming weeks.”
“At the national level, the deceleration in the underlying inflation of the first quarter means that the Bank of the Australian Reserve can carry out a reduction of rates of 25 basic points widely expected on May 20. The news on the US agreement.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
